karl is buying a new car.At bank a, a car loan will cost him 11.5%.at bank b,it will cost 12.25%.if he borrows 8000, how much will he save if he borrows from A

Karl will save $60. See calculations below:

12.25% of $8000 = $980

11.5% of $8000 = $920

At bank B he will have to pay extra = $980

At bank A he will have to pay extra = $920

If he borrows money from Bank A, he will save $60 ($980-$920).

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